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Talking Points

  • Prices broke support in the 10640-48 area (range/channel bottom, 23.6% Fib ret.)
  • Sellers now aim for 10585 (38.2% Fib ret.); below that eyes 10541 (50% Fib ret.)
  • A move back above 10648 aims for the range top at 10718

Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror Trader **

dailyclassics_us_dollar_index_body_Picture_11.png, Forex: US Dollar Technical Analysis – Key Range Support Broken

Daily Chart - Created Using FXCM Marketscope 2.0

** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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